Thursday, June 21, 2012

Aamir Khan appears before Par panel, pitches for generic medicines

Actor Aamir Khan on Thursday appeared before a Parliamentary panel examining FDI in the pharmaceutical sector and set up for generic drugs, said companies continue to make a profit if they sell cheap drugs to the poor.

The 47-year-old actor, who recently highlighted the issue of malpractices prevalent among physicians and sale of drugs in his TV show "Satyamev Jayate", was invited to appear as a witness before the Parliamentary Standing Committee of Commerce to examine the issue of FDI in pharma sector.

He presented a report on FDI in the sector and its support for generic drugs before the panel but would not reveal much, citing confidentiality.

A member said after the meeting, which the actor endorsed generic drugs and suggested regulating FDI in pharma sector in order to protect the interests of small businesses.

Responding to a volley of questions from reporters in his support for generic drugs, Khan said, certain "interested parties" have questioned the quality and "power" of such drugs that were not true.

"The regulatory body controls each drug before it is sold. Let it patented or not patented, brand, or unbranded," he said.

A poser on some doctors and experts to question his authority to comment on the question, he said his stand was the result of a "thorough investigation" into the subject.

"Main reason for large companies is to earn more. We understand that. The issue here is how the poor get cheap medicine ... they will benefit if they sell cheap drugs. Massive sales will reduce the profit margins, but profits remain. It is a victory -win situation for everyone, "Khan said.

Khan said other states should follow the example of Rajasthan and Tamil Nadu which is distributed free generic medicines to the poor after buying them at relatively low rates of companies.

Committee president Santa Kumar rejected suggestions that the actor look was more of a "publicity stunt" and said someone with an interest in the subject was free to depose before a Parliamentary panel.

He said, in a country where 70 crore people live in Rs20 a day, Re a medicine should not be allowed to sell at Rs20.

Referring to the large number of FDI, Kumar said that when the panel was examining FDI in retail, he came to the notice of the committee that Walmart had spent Rs60 crore for lobbying to open Indian markets for FDI in detail.


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